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Title is used to track legal ownership, and when someone transfers the title to themselves, they become the owner of record. This often happens when someone files a fraudulent deed with the local ...
The Iowa Department of Transportation Motor Vehicle Enforcement was a law enforcement agency located in the state of Iowa. Like the Iowa State Patrol, Motor Vehicle Enforcement (MVE as they are most commonly called) was a statewide agency. Their primary mission and expertise was the enforcement of laws and regulations concerning commercial ...
AAMVA also maintains the National Motor Vehicle Title Information System (NMVTIS) which enables vehicle titling agencies to verify the information on a title with the issuing state's electronic records in order to reduce vehicle theft and fraud. The Anti Car Theft Act of 1992 specified that the information within NMVTIS be available to federal ...
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
While the FBI doesn't have a separate category specifically for this offense, the agency's 2023 Internet Crime Report shows there were 9,521 fraud complaints related to real estate totaling over ...
Because regular title insurance protects against defects that occurred up to the day you took ownership, it won’t help with title fraud. But so-called enhanced policies usually cover post-policy ...
For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...
Car insurance fraud examples could include a simple lie, like listing a false ZIP code on your policy information to get a lower rate, or something as serious as deliberately causing an accident ...